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the disappointment has been most. we have not seen structural reform as of yet. to push the that economy forward to drive up it isment opportunity and absent. the fourth ee quarter number better assuming an upsurge as a result of the taxation going into next year? >> the anticipation of sales ax increasing next spring is bringing some spending forward. you may see some corporate ahead of that. but the disappointment in japan is we are trying to increase at all. the radical opposition to the economics program would say we should be cutting spending taxes, not increasing taxes increased spending. >> you pwroeu up obama. draw the line between what is hang with the u.s. sort of policy moving forward but in of fed and what will happen in japan. the level of linkage. ex-existential. abe economics depends on the economics and a q.e. policies. what has driven the stock market up and yen down is the huge amount of risk takers piling which is atest story abe economics and shorting the yen. sort of pullback in the global asset price to q.e. the ated yen will be shooting up and stock market would fall. wit
scalp. >>> after five years of stops and starts, the u.s. economy may be in a steady recovery. the unemployment rate is the lowest in five years. home sales and price rsz up. stocks are rising. gas prices are falling. not everyone is feeling it though. a new cnn poll shows that a quarter of the public believes things are getting better. nour ten say it's getting worse. joining me now kevin hasset, former economic adviser to m.i.t. romney and annie lowry and mark zandy, chief communist from moodies an lit ikz. thank you all for joining us. so is this real? the worst has happened? and we're on the road to recovery? yes? >> yes. i think that we're clearly in a strong recovery now. if you look at the inflection and data over the last couple months, it's really the best couple of months i've seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 mill dwron above the 16 million which is like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a recovery. >> wow. could someth
basket than just stocks and bonds. for longer,say low is that a call for the economy or on the market or will they both move in lockstep? >> it is both. growth is going too slow for a longer. of time. we think that the fed will keep monetary policy easy. short-term rates will remain where they are. long-term rates will budge up a bit. the stock market -- the peas are pretty high. we can squeeze a lot of juice out of that. we want to be a bit cautious for the longer-term right now. we want to make sure the people are using this diversification and understand the correlation may work against them up the market does react in a way that we are thinking. >> how is blackrock positioning itself to benefit from this environment? you have to look at the market and say, what do i do so that people invest with us? >> you will hear a lot today. you are in the right place. we will have our chief strategist talk to you today. they will give you an idea of where to be to protect yourself. one of those areas is diversification. not just in treasury, but more in credit. you are earning a coupon in the
the last minute hitches. some estimate it will boost world economy by 1 trillion-dollar and create more than 20 million jobs. we're looking at details in just a moment. but first we have reports from indonesia. >> reporter: it was an emotional moment after a dramatic four-day long meeting in ballet. the unexpected wa, and suddenlyt was possible. >> the countries of the wto has accepted a deal that will bring down trade barriers worldwide. it could bring a broader agreement in the years to come. also custom procedures will be more transparent, which should make trade cheaper and developing countries like indonesia are allowed to protect their farmers and poor people with basic food subsidies. india was blamed for not backing down on its food security plan. many in the united states were worried it would effect world market prices. >> i view as a victory for the farmers for the entire developing countries, and there is also a coalition of developing countries that entry waindiawas able to put togetherh its partners demonstrated solidarity and achieve this. >> not every is happy with the d
economy. a $1 trillion to the global economy. >> welcome to "countdown." i am mark barton. >> i am anna edwards. is a bloomberg news exclusive. shinzo abe says there are no and to abenomics. he talks about how japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a bi
and calm. >> hard to react when you're panicked. calm make sense. randall. thank you. the u.s. economy is growing, but so is the income gap between rich and poor americans. president obama addressed the problem. >> the lack of upward mobility that has jeopardized middle class america's if you work hard you can get ahead. this is defining of our time. making sure that our economy works for every working american. >> the president did not propose any initiatives during his speech. but he said a rapidly growing of deficit opportunity is a bigger threat than the fiscal. we'll go to danny, professor of economics, great to have you back. >> thank you. >> a pleasure, you heard just a moment ago, america's dangerously growing income is defining the challenge of our time. is the president correct, or is he, as some would say, overstating the income inequality and wealth gap argument with that kind of a statement? >> no, if anything there is an understatement. he's absolutely correct saying that it is a defining problem. and this problem has just--it has been exacerbated by global pressures. it
blast. we begin tonight with inequality in the economy and the dangers to young americans. president obama says 10% of the population is now taking home half of the nation's income. he warns the growing canyon between rich and poor is destroying the economy, and threatening the american dream. president obama -- >> the top 20%, has about a two in three chance of staying at or near the top. a child born into the bottom 20% has a less than one in 20 shot at making i.t. to th -- making o the top. he's ten times modifier likely to stay where he is. >> president obama states statistics that shows the average american income is shrinking. the president asked the congress to raise the minimum to $7.10 an hour. encouraging government dependence. white house correspondent mike viqueria joins us with more. mike, why the speech and why now? >> it's a great question john. first of all the facts that the president and the statistics that the president cited are beyond dispute. there is a growing income disparity in the country. the top 1% has seen their incomes triple, the lower middle class has
to the latest news of the day. jobs and the economy, we have the details. patricia, good to see you. this is a much better than expected jobs report. >> it was tin deed much better. but the numbers were encouraging, and there was reason to be cautious. >> reporter: the economy shows signs of improvement. lowering the unemployment rate to 7%. there was a healthy bump in higher paying manufacturing and construction. the numbers indicate the economic recover is gaining strength. >> we've had 45 consecutive months. >> while encouraging, there is still a long way to go. >> the economy will have to create between 200,000 to 225,000 jobs per month for the next couple of years. >> reporter: that may be difficult to achieve. the recovery is still on shaky ground with small businesses seeing a slow down for the year. that's significant because those businesses create two-thirds of new jobs. particularly hard hit has been the retail sector. despite slashing prices and opening their doors thanksgiving day retailers posted disappointing sales in november. >> you have a vicious circle if úpeople
of adopting effect the loss of the country needed new political transformations as the economy grew. the two thousand and seven the president proposed in march the consumption can expand the authority of the fall of the constitutional reform was scared out of the initiative of the soul cannot survive the lead for the system was changed to parliament received extra leverage on the government and the political parties and non governmental sector started playing with her walls in defining the policies and finding the solution. in fact some of the presidential powers were given to the prom today we have a bye camaro parliament which present three political parties includes representatives of cars expense people's assembly. the judicial system of the country is also being improved. it extends courts have become more dependent this even receive a better position in the global competitiveness ranking. thus being the basis of a unified in stable second power to institute a presidency in context and features independent in efficient functioning of the legislative i considered and judicial branches of
to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i t 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me th unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital o. chse 2% cash back or double miles on every purchas every d. what's in your wallet? i need your timesheets, larry! lou: our first guest is here to serve at least partly as a tutor for you will end me. he says that obamacare is the biggest middle-class entitlement ever conceived and he says beyond the flawed website, we need to stay focused on the fact that health care law spends too much on the
start to negotiate the best stands for the treat jar ukrainian economy live to one doesn't know what the words when we see you we want it back to times for me and we wanted to intensify all. this agreement is to be signed it was in the fall and it will be necessary to comply with the stunts. haiz co was not welcomed by all stations jesus. they hope to summon enough punishment revolts on tuesday to oust the cabinets. you are gentle called reached justified its decision by saying that ukraine could in the photo great treats aren't sweet to watch. he estimates showed about forty five cents of ukrainians support posts but integration with the eu. but that was ordered as favoring the most part sweet to watch bulls coach point two brackets you with the eu by finding some new ukrainian imports and a quick single trade sanctions. in two thousand knowing dispute between kiev and moscow on gas prices resulting gas being cut off to the ukraine for a three week period the general cctv transmission out to thailand anti government protest leader says that the attacks obama said on tuesday that he
economy. >>> in the philippines the recovery effort is still plainfully slow almost a month after typhoon haiyan hit. but there is a movement to get the local economy moving again. >> reporter: there's very, very little left on the store like at tacloban, this man knows that too well. he is a fisherman, or rather he was, given that his boat now sits a couple of kilometers inland. >> translator: before i was earning about 300 pesos a day from the catch. but now i don't earn anything because what i catch is what we eat because i don't have boat. >> reporter: his story is replicated thousands of times across tacloban. so the challenge after the emergency aid phase is to get people working and let the local economy take over again. every street in tacloban is an absolute mess and they need cleaning up, which means you have ready made jobs, which is why you have up to 20,000 people lining up to take part. >> even if they are cleaning their house, we give -- we pay them. our point is that if every one of them are cleaning up tacloban, we can revive it, and then they are able to buy things. if y
of today's opinion pages of "the wall street journal:." again, your thoughts on the economy, especially in light of these new numbers, with the federal unemployment rate at seven percent. in.ere is how you can call we divided the lines differently. if you are under 30 -- it is discussions about the economy that takeover the papers today, especially in light of these new numbers. here is the editorial page of "the new york times." they have a different take -- we start this morning in jacksonville florida. angel is up. good morning, what do you think about the economy in light of these current numbers? good morning. first of all, thank you so much for taking my call. go ahead, you're on. caller: there is still a selection process that is very difficult for many people. thethe reason is simple, young people are being selected -- the selection very picky.ery, degrees and i can't find a job in jacksonville, florida. some cities are picking up quickly, some aren't. keep are you going to looking for work or have you given up? caller: i will keep looking. fairs, i apply for work every day. i s
the jobs front about a divide in the u.s. economy: the labor market seems to be getting stronger once again. yet for many on the lower end of the income ladder, the big gap in wages is sparking a budding movement. we begin with economics correspondent paul solman on the unemployment rate's drop to a five-year low, even as many jobless americans face more difficult times ahead. the story is part of paul's coverage on making sense of financial news. >> reporter: the latest snapshot of the nation's jobs situation-- showing 203,000 positions added in november, and a jobless rate of 7% was even rosier than anticipated. we asked northeastern university economist barry bluestone what he made of the numbers. >> on balance this was a good report today. over 200,000 people are back to work. we've brought the unemployment rate down from 7.3% to 7%. that's all good news. of course many of those were federal employees coming back to work after furlough, but we had some good news about manufacturing employment, construction employment, pretty much across the board. so in general this is good news plus o
:00 p.m.'s economy slowed more than estimated last quarter. gdp was 1.1%. that was revised down from the first estimate. business spending was weaker than initially thought as companies are cautious on their economy. protesters poured into the streets of kiev. they fear that the president is going to bring the country into an economic bloc led by russia. this followed a rally where they tore down a statue of vladimir lenin. and a chance to own a piece of the sydney opera house. you can own a tile for as little as $90. you do not own it physically, but you can personalize it online, giving you virtual ownership. fundraiserart of a to pay for the renovations. >> i would do that. people buy stars for each other, why not buy a piece of the opera house. >> there is a birthday gift for tom. >> time for single this chart. what do you have? >> he is going to become the ceo of time warner cable. there is work that the company will be acquired soon. rob marcus has a big payday coming. he could go out the door with a golden goodbye. we wanted to take a look at what other recent severance packag
for the to be american economy and the global onomy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on withtÑ lou: our first guest is here to serve at least partly as a tutor for you will end me. he says that obamacare is the biggest middle-class entitlement ever conceived and he says beyond the flawed website, we need to stay focused on the fact that health care law spends too much on the wrong people. joining us tonight is tom scully. he is the former leader for medicare and medicaid services during the bush administration and also a health policy staffer in the bush xli white house. in a new york privatee equity firmexpert on health care. we are hearing great skepicism our own reporters and correspondent, peter ducey, getting error messages when he logs on and it looks to be a bit of a mess. what do you think? >> i'm sure 's getting better, i think it's a lot better from a consumer point of view from what i can tell. i
of the ruling party of the region's economies did not go for the draft. this block is the institution buildings in the cabinet of ministers is not the path to european integration but to dictatorship. i am. no clue i demand to stop all legal and lawful decisions to block the building of the government you are sure to be responsible in all the pp push on the wrongful acts will be responsible for this to let you know meanwhile thousands of protesters gathered at the building of the parliament to continue to demand the resignation of the cabinet of ministers and the president. still there we came into vogue for the resignation of the government and the president and so for new elections. why because we do not like being treated as animals. the protests began after the president picked unocal which refused to sign the eu association in the free trade pact but most people went to the streets on sunday after they've been caught so it is violently dispersed the crowd on independence square. the thai government has negotiated a truce with protesters in the streets of the capital for the next several da
on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief economist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do next as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right trac
overnight now if the economy. whaley hiding in the fall. it's the markets are expecting and it is a meeting in the folds our ukraine so it is a very serious situation the ukrainian central bank that's all it is almost grown it doesn't have any money and won't be able to support the ukrainian currency going forward. unless you train gets credits immediately. a tiny baby genius denying a half months to sell us oil joint exploring fish a look at me with only the least for the mine. the demonstrators and i refusing to meet the training site despite the heavy police presence saying the court of asian extraction method could permanently damage the environment is the capital for custody. in a remote part of romania ideal rage and fury protesters stormed the work site operated by chevron. police responded with full force those who didn't leave willingly were dragged away so you can see at sony up in my country i live in the place for scenes of the high political price taste of home projects the company front of the net the the people here want to know is who will protect them from big business. th
given potential. it is because we know that when women and girl participate in economies, economic growth is greater than would be without them. where women and girls are given the chance to be educated and to get the healthcare they deserve to have, we know that societies benefit. where women and girls can participate in peace making and peace building as full members of society trying to resolve conflicts, we know that resolution is more likely to be sustained. it's a great honor for me to have this award. but it is a reminder of how much more we have yet ahead of us to accomplish. to make sure that tom's dream, tom's life, the examples of the award recipients with us and those unable to come, bring out in each of us our own commitments to what we will do to further the cause of human rights, universal human rights for every man, woman, boy and girl in the world. it is certainly what tom would expect us to do to hold high his ideals and by accepting this award and knowing that tom would not let me off the hook, otherwise, it is something that i will continue to be committed to i
and inflation data, maybe the global economy is doing better. therefore, risk assets have started to rise somewhat. let's break that down for you in terms of individual sectors. the ftse down. flat this morning. the xetra dax is up .4. the ftse is up around half of 1%. one interesting picture as far as commodities are concerned today. spot gold, 1230 is where we stand. it's down 27% this year. managed to stay fairly flat post the jobs number. on the other hand, copper is down. it's really the tapering talk outweighing the better chinese data. brent holding 111.96. on the bond market, treasuries haven't done too badly today. 2.85% in europe. 2.89%. there is a sense fairly comfortable we might get some tapering. euro dollar up to 137.68. it was at 137.16. you're not far away from the six-month high we hit last week of 103.38. chinese data and sterling, 163.66 just below the six-week number we hit last week. that's where we trend right now. in europe sixuan joins us. >> thank you, ross. happy monday. asian markets gained traction. china markets ended just marginally higher ahead of this week
, harming the economy. that is the vital artery. >> sure, we'll keep an eye on that. thank you. >> well, there has been more protests against military rule in egypt. proponents reached cairo's tahir square for the first time in months on sun. the crowd was dispersed from the area within minutes. earlier students on university campuses held rallies against a new anti-protest law and the killing of a fellow student by security forces. >> a draft constitution has been approved by the interim government. let's look at the controversial points. it let's the army decide who the defence minister will be for the next eight years, and bans political parties based on religi religion. the draft will go to a referendum. if ratified, elections will take place. tell us more about the controversial constitution. >> what's new this morning to many egyptians is the fact this it seems there'll be a change to the roadmap that the military government put forward. earlier we have been hearing that first the constitution will be drafted and it will be put to a referendum. if approved there'll be parliamenty
is the appropriate agency of resolution for so many of these problems and our society and our economy? >> i couldn't agree more. i think if they left us more -- gotten aetna, cigna, united and the blue cross plans in a room together and said let's figure this out. why don't you go on the website for us, it would have been a lot more successful and done a lot more quickly. i think the more they delegate to private k350e7bs, the better off they'll be. they're learning it the hard way. >> they're learning it the hard way. i take your point that these are good people, smart people, but not really the people i, frankly, give a damn about. i'm concerned about the american people, the people who have been promiseduch by an administration that seems to be capable of very little. the idea that we've gone through, over the last three fiscal years, they've raised over $50 billion in revenue for the affordable care act. they're on track right now. there will be an additional 500 can we put that up, $50 billion collected, 2010 through '12. then, of course, this year and next -- through the ne ten years, we'll
because the what the nazis and the sweet is that. the and that that the economy and to amend the deal positions as much or eat at the bottom that they cannot dismiss the government and they want the government to dismiss salam. action is very difficult to predict what had happened. you'll be sucked into the model not a situation thank you very much that the professor makes all negotiable. thank you. will the world new the french forces are now taking up positions in flashpoint areas of the central african republic. it's meant to help put an end to several days of sectarian violence. an estimated four hundred people dead and forced thousands to flee their heads the country's top catholic official today appealed for calm. he's urging christians in the country to end the cycle of vengeance against the country's muslims i kept silent on the tumble in the capital boogie is koda limits. tomorrow is our chicken of the crucial during the transitional government and mainstream presentation due to the heat out of the soldiers the ripples from the former coalition to help him go. president. what
economy also on my head. and they've seen an artist donald i will still be ukrainian capital of justice toward police lines and capture of mr to buildings hundreds of thousands of roman streets demanding the country's leadership resigned over the shelving of a trade deal with the eu. so the top headlines of the week despite general praise for historic deal on the roads become pregnant. the bombers attacked by forbes in washington he think the role has been let off the hook and these golden independence movement launches its manifesto to much acclaim but critics say the least effect is heavy on the tail lights and all the facts. the most of the day's top stories in the latest developments. this is the weekly one on teams it's a breaking news this hour as mini zoo hundred and fifty people being injured in the ukrainian capital two thirds of them police officers several arrests were made as protests is all that a gas stones and metal chains broke into the city council building and tried to storm the presidential administration. hundreds of thousands of demonstrators all the stre
news on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief conomist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do lou: let's take a look at the global hotspots that are not cooling. in afghanistan, president hamid karzai shutdown secretary john kerry's suggestion that the united states could rcumvent through famine have afghans defense ministers on a security agreement that would allow u.s. troops to stay in the country past next year. the spokesman of hamid karzai says he would not promote any of his ministers to sign in his place my certain demands are met, including a demand to change miliary operation. any major blow to hezbollah. one of its top military leaders gunned down outside of hishome in a bu
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
the future of their economy. >> reporter: for more than ten years the money market in kabul has done a roaring business. foreign aid and investment poured into the economy, and afghans making money honestly or otherwise, traded in foreign exchange. now it's bus yeser than ever because of increasing anxiety of the local currency of the afghani. the president of afghanistan is still refuse to go sign the security pact with the u.s. that would mean some foreign forces would remain after 2014. but billion dollars of aid would remain. with that the economy is expected to collapse without that. that is causing fear in the business community. >> if it is not signed then people will be panicked and it will effect the country. it is disappointing and our businessmen are not investing. people are worried because they cannot work confidently. >> at afghans panic and exchange their money for u.s. dollars the afghani dollar is being devalued. where much of the food is imported prices are going up. >> reporter: this is where afghanis come to spend their hard earned money, but food price versus gon
the spotlight on an emerging economy. i guess investors such a yourself, i know you cover emerging markets. what is your take on brazil overall or emerging markets? >> i think emerging markets in general are facing some head winds. really a reverse oovel what we have seen in the last many years or diamondback aid or so. in particular, the previous decade we were seeing falling global interest rates. we have a theme in commodity prices which which is in some way reversing over the medium term. thirdly, you had a significant boost to many emerging economists as a result of the labor markets which is becoming less parent as we move forward. when you add to the fact that some emerging markets have also built up external -- making their currencies vulnerable and leaving them also vulnerable to inflation and pressures and rising rates. the cocktail i think results in more concerns about merging economies and their markets relative to what we're seeing in the developed economies where a more sustained economic recovery and profit recovery, i think, is coming flument >> peter thank you so much for that
and bonds. >> when you say low for longer, is that more a call on the economy or market or both? >> both. we think growth is going too slow for a longer time. we think the fed is going to keep monetary policy easy. short-term rates we think will remain where they are. longer term will budget up a bit. these are pretty high. we use a lot to choose out of that. we have a little bit more. we want to be a bit cautious for the longer-term right now. we want to make sure that people are using this diversification to understand that correlation may work against them. >> the rule next year will be a huge factor in how that plays out. we spoke with peter fisher as well. >> i think all over the world we see countries trying to make a handoff from monetary policy to fiscal policy. >> they would love to do that. >> they are trying to let go of the reins. they would like to not be the only game in town. that may be optimistic. i think we would like see fiscal policy pay a bigger role. they're trying to get a handoff to consumption of structural reform. central bankers are going to be important. they woul
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
is bill clinton talking about one of his most famous campaign quotes from 1992. it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the last two contests after the shut down in the midst of a battle in the party, republicans clearly have the political swlj it comes to health care. they are in a bit of a quandary. they believe healing care is a winning issue, they are not sure of the next move. the president will test out some of the themes of the upcoming state of the union address and will provide a window into where he focuses energies over the next three years. this is the need for upward mobility. the president will explain how the health care law fits into his
that must mean that the economy is getting stronger and the federal reserve will stop putting $85 billion in the economy, interest can go up and investors tend to sell stock. there is good news, the stock market goes up. this morning at 8:30 a.m. i'm watching these unemployment numbers. they were better than i thought they were going to be and the only thing i was certain of was that the stock market is going down and it closes up 200 oh points. it's a good thing that i'm m not worth my money today.ause >> there you go, boy are you worth your money on a dale lay basis. what the quality of jobs. >> we wanted the numbers. we want them above 125,000. we've been getting 159,000 per month. for the last two months we've been averaging 200,000 job created. once you have the raw numbers you to say what kind of jobs are these? if you are getting jobs that pay $.7 an hour, then people will need two of them. those positions paid as much as $26 an hour. that's the good news. better quality. but about 20% of the jobs came in the relatively low-wage sectors like retail, leisure and hospitality. we're s
on thin --gins, forcing operators to austin, texas remains one of the strong economies in the country. since the recession we have tightened our belts to manage rising costs and we are still very much feeling the impact, including double-digit health insurance -- double-digit health insurance premium increases. it puts pressure on our teams, allen i vendors, on our pricing -- on our vendors, on our pricing. in addition to the aggregation rules, there are several other sections of a lot of impact restaurant operations and similar small businesses. -- of the law that impacts restaurant operations and similar small businesses. the restaurant and food service industry attract people seeking a flexible work environment, whether they are students between careers or just looking for a second job to makes ends -- to make ends meet. there is a significant movement. given the short term nature of individual employment, the administrative urban of educating and processing the enrollments prove almost as expensive as coverage itself. absorb thiscannot cost and ultimately the cost will be warmed b
survive while allowing enormous damage to irreparable damage being done to done to the iranian economy. we've seen in the polls in the middle east north africa extended periods of sanctions that don't remove a regime of the puppy mill most damaging thing is done to the economy into the population larger than one thinks of a day or iraq for example within the regime could survive for much longer. but the regime using its own its longer term survival. and to achieve that i think the regime needs sanctions. and aviation before the damage this on the economy is becomes irreparable will never let us as happened in iraq. in how the state's key thing that they were in court and he is at the moment infection this time. growth is basically ignore that. so it seems pretty bad from the from the outside. it is extreme and out and given that the economy is very much driven bali government spending which is itself a function of government revenues to come from. crude oil exports limitations on crude exports stronger low economic growth is an open environment where you have a very large scale private sec
would be cheaper that the government will lose the deal would actually damage the economy for very little in return the opposition students to skip should resist pressure from moscow but close economic ties with russia including a free trade said in a shed business landscape and increased exports able to pull the states together. an associate professor of political economy. jeffrey someone says to use trade relations with the ukraine have touched the country if we take a look an eastward expansion itu we can see that it has in the past. produce de industrialization in the east only migration from the east to west. and so we've also seen west european in the east and i think that the eu is a yet to experience the course of the past for five years the economic crisis in its ease further eastward expansion as a waitress all their own problems and last year. some sunni politicians to be blaming russia for the events taking place in kiev saying it was pressure from moscow that sunk the deal with the eu and some of those politicians of being seen in the central kiev cheering protest is a
the geelong plant ukraine profit from europe's economy this european union officials and heads of european states tried to explain the inventive use of your hand the main even if new ukrainian coal beds that will be able to penetrate the european market. he's only one explanation for that he did it with you on. indeed the european market. he's nice and very protected markets. and it is actually the ukrainian market that's your real needs particularly in these times call for an economic crisis has sold its head between his duty as an extension called the european market. protests in kiev began in november the plaintiff as to say no to the government said it was suspending a major trade deal with the heat while a zombie and tools independence plan on sedan not the week with several thousand demonstrators and police occasionally engaging in scuffles on friday night eleven security forces run out of patience and raided the county seat is she a force to disperse the crowd authorities were quick to find any prices in central kiev but this is only set to encourage today's opposition to a good day
now is big government at work by the obama administration and we've seen an economy that is lackluster at best and we've seen a president that even today has been out there talking about how poorly the economy has performed under his watch. >> leader captor, nice to see you. >> thank you. >>> and some new information tonight that is going to rattle the president and it has to do with the young and the healthy, the ones that the president needs to fund obama care. do they like obama care? and do they still like the president? that's next. >>> this is a fact. obamacare needs young pe >>> this is a fact. obama care needs young people buying health insurance. but new information today from a harvard university survey is very grim news for the president. the weekly standard's john mccormick joins us. what's the report show about how young americans feel about bawl care and the president. >> young voters, people between 18 and 29 provided him with almost the entire margin of victory in 2008 and twi2012. now what we're seeing is only 41% of young voters back the president. that's the same as
with stakeholders from all areas of our economy and with the administration and the courts to ensure an open, deliberative thoughtful process, we held several hearings and issued two public discussion drafts in may and september of this year which led to the formal introduction of the innovation act in october. i believe that it takes the necessary steps to address abusive patent litigation. abusive patent litigation is a drag on our economy. everyone from independent inventors to startups to mid and large-sized businesses face this constant threat. the tens of billions of dollars spent on settlements and litigation expenses associated with abusive patent suits represent truly wasted capital. wasted capital that could have been used to create new jobs, fund r&d and create new innovations and technologies that promote the progress of science and useful arts. and that's what innovation is really about, isn't it? if you're able to create something, invent something new and unique, then you should be allowed to sell your product, grow your business, hire more workers and live the american dream.
rate fell to a 5-year low and is at 7%. the economy gained more jobs than expected adding 2003 positions. they were low spread in high and low positions. mike viqueira has more from the white house. >> new unemployment figures are good from the white house. they've been waiting for this. whether or not 7% matters economicallily or to any people for millions out of work, and those who have given up looking for work, from a political standpoint it's good news for the obama generation. with unemployment insurance set to expire, the white house is stuck in an ironic situation. they are arguing for an extension. if growth is improved, it was announced thursday and friday down to 7% unemployment, the lowest in five years. the administration says that unemployment insurance has got to be extended. white house spokesman jay carney made the case on friday afternoon. >> the news we have today eenforces that we need to address the problem and extend unemployment insurance benefits to those individuals. this is a persistent problem. it would be terrible to do that to more than a million fa
the ukraine's economy was weak and i'm a joint force goal line kiwis in kiev for some poeple will meet at us about this meeting between the presents. well ukraine's on defiant president dixie on the color that stopped off in a softie for mason with his russian counterpart that in the region on the way back from a visit to china according to court after needed to ukraine's prime minister get a cut that was looking to secure all but cemented stronger economic ties with russia. what's been described as a writer cannot do up remains disagreements between the two countries in the areas of trade on to the economy not the ukrainian economy is struggling right now the country is heavily in debt on to beat struggling to pay some of it just goes to russia on the dignity of the cartridge was looking to try to kill some kind of detail on the front spots any media suggestions are many reports of that to kiev is on the brink of signing the customs union without russia alongside kazakhstan that a race that has been dismissed with russia said the topic wasn't even discussed but the debate of little consolat
is alive and kicking the country's economy has rebounded after the recession which struck our five years ago with state reading its own path to financial well being. instead of trying to save its bankrupt banks the government will let them go to the law. the leadership then decided to reject a lost deposits repayments being swayed by protesters he said the plan is unfair. instead every household in the country will now have twenty four thousand heroes written off their mortgage banking executives accused of causing the crisis the first place are also being pursued at the state. master of binary economics mighty shakespeare believes that iceland is setting a remarkable example. you must rely on your own national bank. for your own new uses for your own with economy and for the spreading and if you don't do that you'll be trapped into debt in the same way that when the priest of god christ and that you've got a free country in the well is being checked into the increasing debt. and all that happens is that they increase the levels of debt and smashed the populations down. we need every vot
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more? it's a first-class quandary that we have to dive into headlong on "mad money" if we're going to figure out the market's move. it's distracted and a parlor game and we find you the best stocks and the best opportunities. the only focus on the fed's next move the last three years, you missed some of the single best moments to invest in our lifetimes. i regard that as terrible. i regard it as shameful because this fed-centric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and it's the market as a marionette. my favorite credo is the opposite. the stocks represent companies and the companies march to many different drum e not just the fed drummer. some companies do better than higher interest rates and like the minerals and oils and most important, many companies do better because their managements are smart or incentive to create value. if you spend all of your time waiting for the fed to tell you
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